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3 April 02:40 PM Moody’s upgrades ADIB’s BCA to 'baa3'; affirms long-term issuer ratings
Abu Dhabi – Mubasher: Global rating agency Moody's has upgraded the Baseline Credit Assessment (BCA) and Adjusted BCA of Abu Dhabi Islamic Bank (ADIB) to 'baa3' from 'ba1'. Moody's affirmed ADIB’s local and foreign currency long-term issuer …
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26 March 03:31 PM Fitch affirms Ajman Bank’s rating at 'BBB’; outlook stable
Dubai – Mubasher: Fitch Ratings asserted Ajman Bank's long-term issuer default rating (IDR) at 'BBB+', with a stable outlook and viability rating (VR) at 'b+', according to a press release. Mustafa Al Khalfawi, Group CEO of Ajman Bank, said: "We …
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12 March 03:27 PM Moody's affirms ratings of 5 key Egyptian banks; outlook turns positive
Cairo – Mubasher: Moody's Ratings has affirmed all ratings and assessments of five major Egyptian banks, changing the outlook of their long-term deposit ratings from negative to positive. The rating agency affirmed the Caa1 long-term deposit …
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27 February 10:57 AM Moody's Investors Service affirms credit ratings for 4 major Saudi companies
Riyadh – Mubasher: Moody's Investors Service has affirmed the 'A1' ratings of Saudi Basic Industries Corporation (SABIC), Saudi Telecom Company (stc) and Saudi Electricity Company (SEC), and the 'Baa1' rating of Saudi Arabian Mining Company …
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21 February 08:11 PM Saudi Arabia could form majority of region’s MSCI EM – Goldman Sachs at Saudi Capital Market Forum
Riyadh – Mubasher: The MENA region could become 10% of MSCI Emerging Markets (EM) Index, with Saudi Arabia accounting for approximately 70% of this percentage, according to Goldman Sachs’ Richard Cormack, who is the Co-Head of Equity Capital …
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21 January 01:53 PM stc tops ME telecom sector as most valuable brand with $13.9bn – Report
Riyadh – Mubasher: Saudi Telecom Company (stc) has maintained its top spot as the highest valuable brand in the telecom sector across the Middle East with $13.90 billion, according to Brand Finance Global 500 report for 2024. stc was the strongest …
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4 December 2023 09:48 AM Moody’s affirms RAKBANK ‘Baa1/ P-2’ rating; outlook stable
Abu Dhabi – Mubasher: Moody's Investor Service has reaffirmed the ‘Baa1/ P-2’ rating to the National Bank of Ras Al Khaimah (RAKBANK), with a stable outlook. The obligations rated Baa are subject to moderate credit risk, according to a bourse …